Việt Nam News

The  recent decline in Việt Nam's automobile consumption and its shift to the 5th position in Southeast Asia can be attributed to both external and internal factors, according to car experts.

In light of the UKVFTA which took effect in early 2021, Việt Nam had significant opportunities to enhance cooperation with the UK and unlock billions of dollars of finance in the country’s green transition process and unlock billions of dollars of finance.

Việt Nam's global investment appeal remains strong. A notable 63 per cent of surveyed businesses positioned Việt Nam within their top 10 FDI destinations.

Vietnamese markets rebounded Monday thanks to the recovery of pillar stocks but liquidity remained low on cautious investor sentiment.

The event aimed to promote Việt Nam’s products and services, while fostering trade relationships with German companies.

The race to lower deposit interest rates among banks is expected to continue until the end of 2023, according to analysts.

Việt Nam's aggregate investment in foreign markets reached US$416.8 million, marking a 4.6 per cent increase compared to the same period last year.

4,407 Mercedes-Benz vehicles of more than 10 different models produced and assembled domestically and imported that must be recalled due to fuel pump errors.

The Vietnamese Government always considered public investment disbursement to be among key solutions to achieve the economic growth target in the short term and to develop a modern and synchronous infrastructure system to improve the competitiveness of the economy and attract investments in sustainable development.

As of the late September, about VNĐ49.6 trillion in taxes were exempted and reduced while around VNĐ102.9 trillion had their payment deadlines extended.

After logging another losing week, the Vietnamese stock market is expected to receive support from the low interest rate environment and the third quarter business results in the next few weeks, said experts.

Savings interest rates at commercial banks continue to slide with rates for 12-month certificate of deposits at major banks plummeting to below 5.5 per cent per year, which is lower than during the pandemic period.

As of September 29, the total credit for the entire economy reached nearly VNĐ12.7 quadrillion (US$531.2 billion), marking a 6.92 per cent increase since early this year.

In the nine-month period, Việt Nam exported about 6.61 million tonnes of rice, equivalent to US$3.66 billion, an increase of 23.1 per cent in volume and 40.4 per cent in value compared to the same period last year, said Nguyễn Văn Việt, director of the ministry's Planning Department.

By late 2022, about 29.4 million carbon credits have been created in the country under CDM and 10 million under GS and VCS.

By August 2023, the number of OCOP products has reached 8,478, of which 65.4 per cent were awarded three stars, 33.4 per cent four stars, and 0.2 per cent five stars.

Last year, the trade turnover among the UK and the five centrally-run cities reached over $2.63 million.

The ASEAN+3 Macroeconomic Research Office (AMRO) has just revised growth forecast for Việt Nam’s economy in 2023 to 4.7 per cent from the previous 4.4 per cent.